Earnings Report· 2026-09-01
PANW
Q4 · 2026After-MarketPalo Alto Networks, Inc.
@stockwhiz_ai
EARNING PER SHARE
Actual ($)
1.02
7.40% YoY
Expected
0.98
Beat
+4.08%
REVENUE
Actual ($)
3.41B
34.00% YoY
Expected
3.35B
Beat
+1.79%
Future Guidance
Q1 FY27 Outlook EPS Guidance
0.97vs 0.98 est
Below Est
-1.02%
FY27 Outlook EPS Guidance
4.175vs 3.78 est
Above Est
+10.45%
Q1 FY27 Outlook Revenue Guidance
3.31Bvs 3.35B est
Below Est
-1.34%
FY27 Outlook Revenue Guidance
14.15Bvs 11.42B est
Above Est
+23.91%
Earning Report
| Metric | Q4 FY26 | Q4 FY25 | YoY Change % |
|---|---|---|---|
| Revenue | $3.41B | $2.54B | +34.0% |
| └─Product | $738.00M | $574.00M | +28.6% |
| └─Subscription and support | $2.67B | $1.96B | +36.2% |
| Net Loss | $(282)M | $254.00M | - |
| GAAP Basic EPS | $(0.35) | $0.38 | - |
| GAAP Diluted EPS | $(0.35) | $0.36 | - |
| Non-GAAP Net Income | $853.00M | $673.00M | +26.7% |
| Non-GAAP Diluted EPS | $1.02 | $0.95 | +7.4% |
Financial Outlook / Guidance
| Metric | Q1 FY27 Outlook | FY27 Outlook |
|---|---|---|
| Next-Generation Security ARR | $9.54B-$9.56B | $11.075B-$11.175B |
| Remaining performance obligations | $20.8B-$20.9B | $25.2B-$25.4B |
| Total revenue | $3.300B-$3.310B | $14.10B-$14.20B |
| Non-GAAP Operating Margin | — | 29.5% |
| Diluted non-GAAP net income per share | $0.96-$0.98 | $4.16-$4.19 |
| Adjusted free cash flow margin | — | 38.0% |
Business Highlights
- ➤Acquired Console, an AI-native platform for agentic workflows across enterprise operations.
- ➤Console expands the role of the Cortex platform in enterprise agentic transformation.
- ➤AI-driven platforms are powered by Unit 42 threat intelligence.
- ➤Serves more than 70,000+ customers globally.
Management Commentary
Nikesh Arora, Chairman and Chief Executive Officer
“We delivered a strong Q4 to close out the year, adding nearly $1 billion of Net New NGS ARR in a single quarter. The latest advancements in AI are elevating cybersecurity to the top of the CIO priority list, and will serve as durable tailwinds as we progress towards our $20 billion FY30 NGS ARR target.”
Dipak Golechha, Chief Financial Officer
“We delivered a strong finish to a record year and exceeded our guidance across the board, fueled by strength across our Network & AI Security, Cortex, and Idira platforms. Our profitable growth framework continues to scale effectively, reinforcing our confidence in achieving 40% adjusted free cash flow margin in FY28.”